8/9 - Daily Game Plan

8/9 - Daily Game Plan

Stocks We Will Be Reviewing

  • FUTURES - /ES & /NQ &/VX
  • ETFs - SPY &QQQ (tech)

Thoughts on /ES🤔


 Beautiful day yesterday as we came right near our 4484 level within 2 points lower. Slowly reversing as of now at 4532. CPI is Thursday so be prepared or don't trade at all. Very volatile event but good to watch and learn if you are new.

Upside:
Needs to stay above 4508/4484 zone then we can look for the 4560 pivot. Over that 4600 is back in play. An aggressive move through 4630 to 4703 > 4718 follows.

Downside:
Below 4508 we see 4484 and if that fails not much support till 4420 zone. If we continue to bleed 4390 is in the cards and on an extreme sell off data release of CPI/PPI we could see 4327 zone.

“Remember, the market transfers money from the impatient to the patient!”

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/ES (TD) - ES1! (TradingView)

POC: 4491 / VH: 4510 / VL: 4483


/NQ (TD) - NQ1! (TradingView)

POC: 15275 / VH: 15348 / VL: 15221


SPY

POC: 446.58 / VH: 447.70 / VL: 445.38


QQQ

POC: 370.14 / VH: 371.39  / VL: 368.93


VIX Futures -  /VX (TD) - VX1! (Trading View)


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